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20121006
20121014
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of using the bankruptcy to avoid paying taxes. steve centanni's live in washington with more on this. steve, what exactly is the irs saying about solyndra now? >> reporter: well, jenna, they're suggesting the bankruptcy plan for solyndra's really an elaborate scheme to avoid paying hundreds of millions in federal taxes. solyndra, as you know, failed after getting that huge government loan and filed for bankruptcy last year. irs lawyers filed a document in federal court opposing a bankruptcy settlement claiming the plan would result in net operating losses that could be used to offset future taxable income. the irs saying that plan would, would create a holding company -- it would have no employees and no business operations, but it would enjoy up to $350 million in those tax breaks that solyndra's investors could use. and one of those investors is argonaut ventures, linked to billionaire george kaiser, a prominent democratic fundraiser. jenna? jenna: we'll watch for the next chapter in that, steve. there's apparently another solar company in the news today? is. >> reporter: right. yes, this
Search Results 0 to 1 of about 2 (some duplicates have been removed)